Trading
Analysis
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31.05.2023
The triple truncated structure is forming (the reverse wave model 'Boguraev's Matryoshka'). There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the ascending wave structure, where the wave (A) breaches the sloping channel of the downward truncated structure.
Stop-Loss: local minimum of the downward structure 77.80.
Target price levels: 88.20, 93.80.
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